Top Wall Street analysts say these stocks have the best long-term value
Volatility in the stock market appears to be far from over.
Market churn is still very high amid hot inflation and a worrisome economic outlook. Although the near-term perspective may be blurry,
investors may scoop up healthy returns in the long run if they pick out stocks with strong long-term prospects and give them time to grow.
Here are five stocks that some of the top pros on Wall Street have singled out, according to TipRanks, which ranks analysts based on their performance.
Tech stocks were hit particularly hard by this year’s downturn. However, Google parent company Alphabet (GOOGL) managed to stand its ground,
backed by the rapid adoption of cloud computing and the popularity of its search engine.
Monness Crespi Hardt analyst Brian White acknowledges that regulatory headwinds, a volatile equity market,
and the unpredictable geopolitical situation call for a cautious stance on the near-term stock performance prospects.
However, he believes that solid long-term trends in digital ads, secular growth in the cloud space, and consistent repurchase of stocks bode well for Alphabet.